Oil prices renewed their slide Wednesday ahead of data expected to show an increase in U.S. crude stockpiles. The American Petroleum Institute, an industry group, estimated that U.S. crude stocks Continue Reading

Iran’s national representative to Organization of the Petroleum Exporting Countries (OPEC) predicted oil prices in 2016 at between $35 to $50 a barrel, but that they would not go above Continue Reading

The Obama administration is preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their alleged role in developing Iran’s ballistic-missile Continue Reading

At a Christmas breakfast with journalists, Aldemir Bendine, the chief executive of Petrobras, said Brazil’s state-controlled oil company was aiming to become “smaller” thanks to an array of planned asset Continue Reading

Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 Continue Reading

China’s long history of tempestuous trading spilled over its borders this year, signaling that a once-isolated market is moving to the center of global finance. Chinese volatility upended markets from Continue Reading

Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty Continue Reading

The plunge in oil prices may jeopardize almost $125 million of securitized loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Continue Reading

Shell and its partners this week began piping gas from the offshore Corrib field to an inland terminal after gaining final consent on Tuesday from Ireland’s Department of Communications, Energy Continue Reading

Russia may cut its oil-price estimate for the 2016 budget next year, possibly following other crude-exporting nations as the commodity, which makes up about 40 percent of the country’s budget Continue Reading

Rising water forces road closures and threatens homes. From the top of the world to near the bottom, freakish and unprecedented weather has sent temperatures soaring across the Arctic, whipped Continue Reading

Oil prices renewed their slide Wednesday ahead of data expected to show an increase in U.S. crude stockpiles. The American Petroleum Institute, an industry group, estimated that U.S. crude stocks Continue Reading

Crude prices were up Tuesday with the U.S. benchmark West Texas Intermediate moving higher than its global counterpart Brent because of the prospect of the first shipment of crude being Continue Reading

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signaling no change to its oil policies Continue Reading

Global economic growth will be “disappointing” next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Continue Reading

The United States criticized Russia on Tuesday for killing hundreds of civilians in airstrikes in Syria and accused Moscow of undermining hopes for a cease-fire between Bashar Assad’s government and Continue Reading

Iran is drifting away from an oil-centered economy greatly prone to spasmodic market volatility and turmoil, which has unfailingly stunted the country’s every bid for sustainable development. At their peak, Continue Reading

Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged period of low oil prices. The OPEC heavyweight shows Continue Reading

As drought continues to cripple its hydropower plants, Tanzania is struggling to produce enough electricity – and is moving toward using more fossil fuels to make up the shortfall. Hydropower Continue Reading

Leaders from Egypt, Ethiopia and Sudan have signed an agreement designed to assuage Egyptian worries over the construction of the Grand Ethiopian Renaissance Dam, Egyptian Streets reported Dec. 29. Egypt Continue Reading

The secretary general of Venezuela’s opposition coalition denounced a move by the ruling United Socialist Party of Venezuela (PSUV) to challenge the results of the country’s Dec. 6 legislative elections, Continue Reading